Putin signs law on FATCA complience

Russian President Vladimir Putin has signed a law on tax information transfers as part of the Foreign Account Tax Compliance Act (FATCA), the Kremlin's press office said.

Russian President Vladimir Putin has signed a law on tax information transfers as part of the Foreign Account Tax Compliance Act (FATCA), the Kremlin's press office said.

The Law on Aspects of Financial Operations with Foreign Citizens and Legal Entities and the Amendments to Certain Legislative Acts of the Russian Federation established the specifics of financial operations on Russian territory with individuals, who are subject to laws of foreign state governing the taxation of foreign accounts.